G.S.  Nalini, Trinley  Paldon, 
    Stock Valuation of Select Companies using Residual Income Method,
    International Business Management,
    Volume 13,Issue 10,
    2019,
    Pages 495-504,
    ISSN 1993-5250,
    ibm.2019.495.504,
    (https://makhillpublications.co/view-article.php?doi=ibm.2019.495.504)
    Abstract: This study is carried out in order to examine
the intrinsic value of the selected companies namely
HDFC, Aditya Birla Capital Ltd., India Infoline Ltd.,
Mahindra and Mahindra Finance, Bajaj Finance, India
Cements Capital Ltd. and LIC Housing Finance Ltd. and
to find out if their stocks are appropriately valued. The
study period is based from the year 2004-2018 on which
residual income valuation method has been applied. It
is found that Housing Development Finance Corporation
Limited (HDFC Limited), Aditya Birla Capital Limited,
LIC Housing Finance Limited, Mahindra and Mahindra
Finance Limited, Bajaj Finance Limited and India Infoline
Limited’s stock is overvalued, so, investing in the above
mentioned companies stocks are not recommended
whereas India Cements Capital Limited’s stock is
undervalued comparing to its market price, so, investing
in this stock is recommended.
    Keywords: residual income;Fundamental analysis;technical analysis;market price;HDFC